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Goal Planning

Bancnorth Investment Group, Inc. is committed to helping you reach your financial goals. Whether your goal is buying a home, investing for retirement, income generation, tax savings or asset protection, you need a plan. Let us offer you objective, comprehensive financial advice that can help you reach your goals.

The Importance of Starting Early

The table below shows how $1 deposited monthly can grow at various rates of return.*

Years 3% Rate 6% Rate 9% Rate 12% Rate
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1 $12.36 $12.72 $13.08 $13.44
3 $38.20 $40.50 $42.88 $45.35
5 $65.62 $71.70 $78.28 $85.38
10 $141.69 $167.66 $198.72 $235.86

*This example is for illustrative purposes only and the return is not indicative of any actual investment. Actual investment results may differ substantially.

The earlier you start to invest, the more you may have for retirement or other financial goals. The secret to success is time - not timing. Use the power of time and compounded interest to reach your long-term goals.

The example below illustrates the power of time and compounding. If you begin investing $2,000 a year at age 25 and earn 8 percent annually, in 40 years at age 65 you would have $559,562. If you delay the start of your investing ten years until age 35, the value of your investment after 30 years is now less than half that value, only $244,691.*

Start at age 25 35 45 55
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Value at 65 $559,562 $244,691 $98,845 $31,290

*This example is for illustrative purposes only and the return is not indicative of any actual investment. Actual investment results may differ substantially.

Calculators

Select a calculator that can help you understand what the right financial plan can do for you.

  • Net Worth Calculation
  • Systematic Investing
  • Cost of Delay
  • Budgeting

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    Whether you're planning for retirement, funding a college education or protecting your assets, we can help.